Lending Monitoring System Essay Example

still have relevance (Cook, 2002). A database is an organized collection of facts and information.

An organization’s database can contain facts and information on customers, employees, inventory, competitors, sales information and much more. Most managers and executives believe that a database is one of the most valuable and important parts of a computer-based Information System in accordance with Ralph M. Stair’s Fundamentals of Information System (2001). According to Rice (2006), computers enhancement proved to be more remarkable and even for a global communication to access immediate information system to information technology that is used by people to accomplish specified organizational individual object.

The technology may be used in the gathering, processing, storing and dissemination of information. The Lending Monitoring and Record Management System which will be developed by the researchers is primarily designed towards daily transactions in ASA Philippines Foundation B123 Bugallon Branch INC. In 1998, Mr. Kamrul H. Tarafder started it all in ASA Bangladesh. It is a non-profit organization devoted to increasing family incomes and saving while giving the people greater access to life support goods and services, in the most cost-effective sustainable manner.

ASA does not stand for anything; the world “asa” in Bangla means hope. Foundation’s purpose is to overcome poverty through providing microfinance services such as loans, capital build-up (savings), insurance benefits, business management trainings, and academic scholarship (for the children of the clients). Eligible clients are women between 18 to 50 years old and older if in very good health. In August 2009, Bugallon branch started with a Branch Manager and four (4) Loan Officers. Now, it is serving 1828 clients from the towns of Aguilar, Bugallon, and Labrador.

It’s clever to think

that as much as 1828 clients can be accommodated only by five personnel at a minimal time. The foundation’s present transaction processing is done manually. The computation of net proceeds, interest, service charges and penalty is performed mainly by hand and aided by a calculator. Because of this, loan process has been a tiresome job for the employee that results to slow operations of transactions. With the advent of computer technology, the management of records could be improved in its efficiency in terms of accessibility, storage, security and execution.

The Lending Monitoring and Record Management System would surely minimize the filling a large volume of records that actually take up space, time and effort. Implementing such a system in the ASA Philippines Foundation Bugallon Branch will enable the loan officer to conveniently and quickly retrieve various information regarding clients and loan transaction. Storing and updating of records could be done easily using the record system. Conceptual Framework The concept of the study is reflected in the research paradigm.

The input deals with the determination of the process of existing manual system in storing and retrieving data, the requirements and the features of the proposed system and test the acceptability of the proposed system. Waterfall model is the chosen software development methodology. Five functional steps to be followed are software requirements analysis, research design, code generation, testing and maintenance. The intended output of the said processes is the Lending Monitoring and Record Management System, which will make the job concise and will lessen the problems encountered by the personnel of the said Foundation.